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Terry Cartwright's Articles in Accounting

  • Accounting Software Can Be Sophisticated Or Simple Bookkeeping Software
    Accounting software records the financial transactions of a business and provides financial control to achieve the profit and loss performance required. The correct choice is dependent upon the size of the business and degree of sophistication and financial control required.
  • Cost Accounting For Profit With Accounting Software
    Small business often accepts business expenses as inevitable and while some effort is usually made to keep expenses down it is often done without reference to the accounts. Maintaining a regular system of bookkeeping using suitable accounting software can assist the cost accounting for profit exercise by providing the source and extent of the actions to be taken.
  • Deciding Between Bookkeeping Software And Bookkeeping Services
    All small businesses have to choose between keeping manual records of financial transactions and the benefits, advantages and disadvantages of utilising bookkeeping software and or employing bookkeeping services for this purpose. The correct choice will vary from business to business but a choice should be made to achieve the best financial performance.
  • DIY Accounting Cabsmart Taxi Driver Accounts Software Questions And Answers
    Questions relating to the DIY Accounting cabsmart package for taxi drivers are not frequent however the most common questions and the answers which have arisen over the past few years assist other cab drivers who may encounter similar taxi accounts questions.
  • DIY Accounting Payroll Software Questions And Answers
    Common questions and answers from clients of DIY Accounting regarding the payroll software, payslips, income tax calculation that are asked by clients having never previously operated a paye system or are new to this particular payroll software package.
  • DIY Accounting Software Installation Questions And Answers
    A number of questions arise when clients buy an excel spreadsheet package the majority which involve a misunderstanding of the installation procedures to be followed and in some cases not knowing that to run an excel package then either an excel program or an open source spreadsheet package must be installed.
  • Double Entry Bookkeeping Versus Single Entry Bookkeeping
    Bookkeeping is the function of recording the prime financial documents of a business usually by a bookkeeper or accounts clerk. The bookkeeping system adopted has to be based upon double entry principles for all limited companies but a single entry self employed bookkeeping system for smaller organisations can be adopted if a statement of assets and liabilities is not required.
  • Financial Control Under A Self Employed Single Entry Bookkeeping System
    Single entry bookkeeping is an accounting practise that can be employed by small business and in particular self employed business where a balance sheet is not required for financial control or tax purposes. A self employed bookkeeping system is basically the production of an income and expenditure account to produce a net taxable profit for tax purposes.
  • Getting Paid On Time And Debt Recovery When The Credit Crunch Bites
    Making sure customers pay on time within the terms and conditions of the business is a serious issue and critical in days of a credit crunch, Late payments and bad debts cause liquidity and cash flow problems and in the most crucial cases can force a business into insolvency.
  • How To Use Accounting Software To Solve Business Problems
    Inadequate accounting software and financial control is like building a house on top of a bonfire and not bothering to fit a fire alarm.
  • Managing Stock Levels Can See Off The Credit Crunch By Improving Cash Flow
    When times get hard and 2008 has all the hallmarks of being a difficult financial year control over cash flow is critical. The best defence in these days of the credit crunch is to introduce and monitor cash flow liquidity at the earliest stage of which stock levels and inventory control can be crucial elements.
  • Producing Taxi Driver Accounts with Tax Returns in less than 2 hours
    DIY Accounting produce a taxi driver accounts package for taxi drivers in the UK which consists of a series of templates written on excel spreadsheets, suitable for both taxi and courier / van drivers who wish to produce their own accounts with the benefit of generating an excel copy of the self assessment tax return form .
  • Review DIY Accounting Limited Company Accounting Software
    DIY Accounting Software for UK limited liability companies is a series of bookkeeping templates on excel spreadsheets, suitable for any small limited company producing an automated monthly profit and loss account and a set of final company accounts with balance sheet and notes ready for publication.
  • Review DIY Accounting Paye and Payroll Software
    DIY Accounting Payroll Software is unusually written on a series of excel spreadsheet templates,
    Three versions of the small business payroll system are available dependent upon the number of employees, being a payroll solution for up to 5 employees, up to 10 employees and up to 20 employees.
  • Self-employed Accounting Software Fills In Self Assessment Tax Return
    Accounting Software for the self employed businessman in the UK does not have to be complex. The most important requirement being a simple package that automatically produces the Self Assessment tax return.
  • Simple Company Accounting Software That Produces Final Accounts For Publication
    Accounting software for UK limited liability companies can be a series of bookkeeping templates on excel spreadsheets to produce an automated monthly profit and loss account and a set of final company accounts with balance sheet and notes ready for publication.
  • Small Business Accounting Software Equals Simple Bookkeeping Spreadsheets
    There is a major difference between sophisticated accounting software used by larger businesses for financial control purposes than is required for small business where a simple bookkeeping spreadsheet is sufficient.
  • Small Business Accounting Software Selection And Priorities
    Maintaining accounting records can be difficult for any business, especially self employed and small business organisations where a lack of accounting knowledge can be prohibitive. Selecting the right accounting software for your business can seriously improve financial performance.
  • Why Bookkeepers And Accountants Use Double Entry Bookkeeping
    Double entry bookkeeping is the technique employed by accounting software to accurately record financial transactions stretching back hundreds of years Double entry bookkeeping means every financial transaction has an equal and opposite effect which is checked using a trial balance prior to producing a profit and loss account and balance sheet.

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